Analysts Set Reliance, Inc. (NYSE:RS) Target Price at $378.67

Reliance, Inc. (NYSE:RS) has been given a consensus recommendation of “Hold” by the nine analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $378.6667.

Several equities research analysts have issued reports on the stock. Citigroup reaffirmed a “neutral” rating on shares of Reliance in a research note on Wednesday. Weiss Ratings upgraded shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Bank of America cut shares of Reliance from a “neutral” rating to an “underperform” rating and set a $365.00 target price for the company. in a research note on Thursday, April 30th. Wells Fargo & Company raised their price objective on Reliance from $372.00 to $398.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, BMO Capital Markets lifted their price objective on Reliance from $390.00 to $415.00 and gave the company a “market perform” rating in a research report on Monday, July 27th.

Reliance Stock Up 1.5%

Shares of NYSE:RS opened at $406.98 on Wednesday. The company has a quick ratio of 2.27, a current ratio of 4.30 and a debt-to-equity ratio of 0.22. Reliance has a 52-week low of $260.31 and a 52-week high of $419.83. The stock’s fifty day simple moving average is $391.33 and its 200-day simple moving average is $351.05. The company has a market capitalization of $20.78 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.12 and a beta of 0.97.

Reliance (NYSE:RS) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, topping analysts’ consensus estimates of $5.47 by $0.80. Reliance had a return on equity of 12.51% and a net margin of 5.65%.The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the business posted $4.43 EPS. The firm’s quarterly revenue was up 26.5% compared to the same quarter last year. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. As a group, equities research analysts forecast that Reliance will post 20.37 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $1.25 dividend. The ex-dividend date is Friday, August 14th. This represents a $5.00 annualized dividend and a yield of 1.2%. Reliance’s payout ratio is 29.07%.

Insider Activity at Reliance

In other news, SVP William A. Smith II sold 2,353 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $414.21, for a total transaction of $974,636.13. Following the transaction, the senior vice president directly owned 19,394 shares in the company, valued at $8,033,188.74. This represents a 10.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in shares of Reliance in the 1st quarter valued at about $30,000. Brown Brothers Harriman & Co. increased its position in shares of Reliance by 86.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 50 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in Reliance during the 4th quarter worth approximately $32,000. Quarry LP acquired a new stake in Reliance in the third quarter valued at $32,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Reliance by 87.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.